What is an Estate Lawyer? An estate lawyer, also known as a real estate attorney or property lawyer, specializes in legal matters related to estate planning, probate, trust administration, and real estate law. Estate lawyers help individuals and families manage and distribute their assets, including personal and real property, upon their death. Real Estate lawyers guide their clients through the...

What is a Flat Fee? Traditionally, homeowners would hire a real estate agent to handle the entire process, from listing the property to negotiating the sale. However, with the rise of alternative fee arrangements, many sellers realize they have other options. A popular and attractive choice for many homeowners is the flat fee service. But what exactly is a flat fee? This article will explore the...

What is an MLS Listing? An MLS listing is a valuable tool for homeowners looking to sell their property without the assistance of a traditional real estate agent. By listing on MLS, homeowners can maximize their exposure to potential buyers and attract a wider audience. Unlike conventional For Sale By Owner (FSBO) methods, an MLS listing allows sellers to reach qualified buyers. It is accessible to...

What is Redfin? Redfin is a well-known online real estate brokerage that claims to revolutionize the traditional realtor model by offering a discounted listing fee and a simplified buying and selling process. With a strong emphasis on technology and a user-friendly mobile app, Redfin aims to provide a more convenient and cost-effective alternative to traditional real estate agents. While Redfin may...

Overview of the Process Buying a house before selling your current one can be a complex process. Still, it can be a smooth transition with careful planning and the right resources. When navigating this situation, it's essential to consider your financial situation, market conditions, and potential options. This guide will provide advice and tips on how to buy a house before selling yours. You can...

US Housing Market Overview Median Sales Price Number of Houses Sold US Housing Supply US Housing Demand...

Definition of Escrow Escrow is a process commonly used in real estate transactions to protect buyers and sellers. It involves using a neutral third party, the escrow agent or company, who holds onto funds or important documents until certain conditions are met. This ensures that all parties involved fulfill their obligations before completing the transaction. Escrow is primarily used to manage and...

Definition of a Listing Agreement A listing agreement, also known as a real estate listing agreement or a real estate contract, is a legal document that establishes an agency relationship between a property owner and a real estate broker. This agreement specifies the terms and conditions under which the broker will act as the property owner's exclusive representative in the selling process. The...

Overview of Condo vs. Apartment Living When choosing a place to live, many people decide between a condominium (condo) or an apartment. Both options offer unique living experiences, but it's essential to understand the critical differences before deciding. Condos are individually owned units within a larger residential building or complex. At the same time, apartments are rented from a property...

Definition of DSCR Loan A DSCR (Debt Service Coverage Ratio) loan is specifically designed to evaluate if a property's income is sufficient to cover its debt obligations. Lenders use this ratio to determine the borrower's ability to make regular loan payments. The DSCR ratio calculates the property's net operating income by its total debt payments. A higher DSCR ratio indicates a lower risk for the...